Is the sec lending industry experiencing evolution or revolution?
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Is the sec lending industry experiencing evolution or revolution? 13 October 2017London Reporter: Jenna Lomax
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The securities lending industry is facing an evolution, as opposed to a revolution, attendees heard at the International Securities Lending Association (ISLA) 8th Annual Post Trade Conference.
At the conference, various panel speakers suggested that the industry was going through a period of evolution.
One panel, which included liquidity strategists and heads of collateral operations, agreed there was an evolution in the industry at the moment. A speaker, from a collateral post-trade perspective, explained that “competition in recent years has become healthier, there’s been a lot of change”.
Another industry expert agreed, commenting: “Everything comes back to technology. [Technology] is driving the evolution that changed what we did 10 to 20 years ago.”
However, one panellist asked attendees: “Can we really say that the post financial crisis is over and that post-crisis regulatory agenda is really complete?”
According to the speaker, “there may still be room for more revolution.” He explained: “What will happen if Securities Financing Transactions Regulation (SFTR) goes wrong? We could be looking at European Market Infrastructure Regulation (EMIR) III.”
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